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Low Numbers For Football Pools Group
3/26/10 - The predominently football pools betting group Sportech plc has unveiled a disappointing set of numbers that show the group's nlne casino poker and bingo operations have been underperforming, affecting overall operating profit, which fell by 14 percent to GBP 19.5 million over the year 2009. EBITDA dropped by 12 percent to GBP 14.7 million.
“That the decline in profitability is due primarily to our continued investment in establishing our online football pools business and the underperformance of our e-gaming business is testament to the resilience of the business in these tough times," said chief executive Ian Penrose, giving an assurance that strong action has been taken to address the underperformance.
Operating highlights included Sportech’s acquisition of Scientific Games Racing (SGR), the pari-mutuel technology provider and venue management business division of US giant Scientific Games, and a joint venture in India with Playwin, the Indian lottery and gaming brand owned by Essel Group
“The strategic acquisition of SGR, together with our entry into the Indian market in partnership with one of India’s leading organisations, offers a unique opportunity to build a profit focused, global gaming business from strong pari-mutuel sporting and technology foundations,” said Penrose.
Sportech secured GBP 90.8 million in revised banking facilities valid to 2013 at the end of 2009, giving the group the flexibility to grow organically and make acquisitions, the chief executive said.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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